Data as of .
DAPP vs OWNB: which is really different?
DAPP and OWNB hold 37% of their weight in the same names, and DAPP returned more over the year.
ETFIQ Off-Index Score: DAPP scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
37% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, DAPP and OWNB hold 37% of their money in the same securities at the same weight.
| Holding | DAPP | OWNB |
|---|---|---|
| Strategy Inc | 5.27% | 15.79% |
| Riot Platforms Inc | 4.64% | 5.49% |
| Bullish | 4.71% | 4.30% |
| Mara Holdings Inc | 4.25% | 9.16% |
| Cleanspark Inc | 4.12% | 4.62% |
| Hut 8 Corp | 3.96% | 5.02% |
| Metaplanet Inc | 3.57% | 5.88% |
| Block Inc | 9.38% | 1.82% |
| Cipher Mining Inc | 3.70% | 1.80% |
| Galaxy Digital Inc | 3.39% | 1.77% |
| Coinbase Global Inc | 9.23% | 1.58% |
| Only in DAPP | Only in OWNB |
|---|---|
| Bitmine Immersion Technologies Inc 9.37% | TWENTY ONE CAPITAL INC 6.41% |
| Circle Internet Group Inc 7.16% | REMIXPOINT INC 4.94% |
| Iren Ltd 6.04% | EMPERY DIGITAL INC 4.57% |
| Figure Technology Solutions Inc 5.53% | AMERICAN BITCOIN CORP 3.63% |
| Applied Digital Corp 3.81% | BOYAA INTERACTIVE INTERNATIONAL LTD 3.58% |
| Terawulf Inc 3.26% | BLOCKCHAIN GROUP (THE) 3.58% |
| Bitdeer Technologies Group 3.21% | STRIVE INC 3.00% |
| Core Scientific Inc 3.07% | KEEL INFRASTRUCTURE CORP 1.84% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 17, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DAPP | OWNB | DAPP | OWNB | DAPP | OWNB | |
| 3 months | −5.0% | +12.4% | −7.3 pts | +10.2 pts | −2.6 pts | +14.9 pts |
| 6 months | +29.7% | +33.2% | +11.7 pts | +15.2 pts | +5.5 pts | +9.0 pts |
| 1 year | −3.6% | −35.2% | −20.2 pts | −51.8 pts | −25.4 pts | −57.0 pts |
| 3 years | +266.1% | not published | +187.7 pts | not published | +167.9 pts | not published |
| Since launch | −27.9% | +2.1% | −127.1 pts | −37.6 pts | −149.0 pts | −52.0 pts |
| DAPP VanEck Digital Transformation ETF Holds 20 stocks in blockchain and crypto equities, 19% of its weight in S&P 500 companies | OWNB Bitwise Bitcoin Standard Corporations ETF Holds 26 stocks in blockchain and crypto equities, 5% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | Bitwise |
| Theme | Blockchain and crypto equities | Blockchain and crypto equities |
| In the S&P 500 | 18.6% | 5.2% |
| Active share vs the S&P 500 | 99.9% | 98.1% |
| In the Nasdaq-100 | 5.3% | 17.6% |
| Holdings | 20 | 26 |
| Top ten, share of the fund | 65.6% | 66.2% |
| Expense ratio | 0.52% | 0.85% |
| Fee for the differing part | 0.52% | 0.87% |
| Total return, 1 year | −3.6% | −35.2% |
| vs the S&P 500 | −20.2 pts | −51.8 pts |
| vs the Nasdaq-100 | −25.4 pts | −57.0 pts |
| Below its high | −30.2% | −40.4% |
| Net assets | $440m | $19m |
DAPP in plain words
By weight, 19% of DAPP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 66% of the fund across 20 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned −3.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 20.2 pts. It sits 30.2% below its all-time high of Nov 9, 2021.
OWNB in plain words
By weight, 5% of OWNB's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 66% of the fund across 26 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −35.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 51.8 pts. It sits 40.4% below its all-time high of Oct 15, 2025.
Questions people ask
- Do DAPP and OWNB hold the same stocks?
- By their latest filings, 37% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, DAPP or OWNB?
- DAPP has 19% of its weight in S&P 500 names and OWNB has 5%, so DAPP differs more from the index.
- Which is cheaper, DAPP or OWNB?
- DAPP charges 0.52% a year and OWNB charges 0.85%, so DAPP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DAPP against OWNB, data as of Sep 18, 2026. https://etfiq.com/compare/themes/dapp-vs-ownb Free to use with attribution; the underlying files are at Open data.